TCS to drive Blockchain adoption

New Delhi, March 14: Tata Consultancy Services (TCS) on Thursday announced that it is developing solutions to drive Blockchain adoption across industries, using technologies from Microsoft and enterprise blockchain software firm R3.

The new TCS solutions will use Microsoft Azure Blockchain Cloud while harnessing the full potential of R3's "Corda Enterprise" Blockchain platform, the company said in a statement.

"Some of the anchor solutions that we are building on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, shared telecom infrastructure for 5G and loyalty and rewards programmes," said Lakshminarasimhan Srinivasan, Global Head, Blockchain Services, TCS.

The company is developing five Blockchain platforms that include digital identity, track and trace, assets in common, asset monetisation and tokenisation.

Across these horizontal platforms, TCS has identified numerous solution opportunities and is building them by leveraging their respective customer and partner networks.

"Microsoft has been in the forefront of helping enterprises adopt blockchain technology with its Azure Blockchain offerings and DevOps kits," said Gavriella Schuster, Corporate Vice President, One Commercial Partner, Microsoft.

TCS has been successfully deploying its "Quartz Blockchain Solutions" for enterprises in the financial services value chain.